Company News: Auryx Gold
Updated: 26 Aug 2010
Auryx Gold Corp is a well financed company with a management team experienced in the acquisition, growth, and development of gold and precious metal deposits. Auryx is focused on advancing the Otjikoto gold deposit in Namibia.
Otjikoto has a current NI 43-101 indicated resource of 28.4 Mt at 1.34 g/t for 1.22 Moz and an inferred resource of 17.1 Mt at 1.28 g/t for 0.71 Moz. Significant potential exists to grow the resource at Otjikoto in targets along strike, satellite zones in the hangingwall and in similar structures and host rocks elsewhere in Auryx´ 300,000 ha of exploration licenses.
Significant metallurgical and technical studies have been done on Otjikoto. Due to the coarse-grained, free-gold nature of the mineralization, recoveries from gravity alone can exceed 80%, coupled with froth flotation circuit recoveries in the mid-90% can be achieved.
Otjikoto, like Namibia as a country, is blessed with excellent infrastructure. A paved highway and railway are within 3km of the deposit and four different power lines are within 16km of the deposit.
Otjikoto has a current NI 43-101 indicated resource of 28.4 Mt at 1.34 g/t for 1.22 Moz and an inferred resource of 17.1 Mt at 1.28 g/t for 0.71 Moz. Significant potential exists to grow the resource at Otjikoto in targets along strike, satellite zones in the hangingwall and in similar structures and host rocks elsewhere in Auryx´ 300,000 ha of exploration licenses.
Significant metallurgical and technical studies have been done on Otjikoto. Due to the coarse-grained, free-gold nature of the mineralization, recoveries from gravity alone can exceed 80%, coupled with froth flotation circuit recoveries in the mid-90% can be achieved.
Otjikoto, like Namibia as a country, is blessed with excellent infrastructure. A paved highway and railway are within 3km of the deposit and four different power lines are within 16km of the deposit.
Business Category Exploration; Mining
Regions of Operation West Africa
Exchange Ticker AYX
Web: www.auryxgold.com
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Exchanges listed on TSX
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30 St Clair Avenue, West Suite 901
- Toronto
- Ontario
- M4V 3A1
- Canada
Most Recent Company News
- Otjikoto discovery - 02 Dec 2011 12:13pm
Auryx Gold Corp has discovered a gold-bearing zone, named K2 shoot, at its Otjikoto gold property in Namibia Read more... - Next target for Johnson - 21 Oct 2011 3:57pm
Ken Googing notes in this week's Fifth Column that you have to kiss a lot of frogs before you find your prince. B2Gold Corp signed confidentiality agreements with about 170 exploration and mining companies in the past three years and came up with only one that ticked all the boxe: Auryx Gold Corp. Read more... - Namibia: A mineral cornucopia - 30 Sep 2011 11:48am
The re-election of President Hifikepunye Pohamba and his ruling South West African People’s Organisation (SWAPO) for a further five-year term in November 2009 has ensured the continuation of broadly pro-business policies Read more... - Otjikoto valued at US$301 million - 16 Sep 2011 11:47am
A preliminary economic assessment has put a pre-tax net present value of over US$300 million on Auryx Gold Corp’s Otjikoto gold project in Namibia Read more... - New energy fuels growth - 06 Aug 2010 11:57am
President Hifikepunye Pohamba and the ruling South West African People’s Organisation (SWAPO) were decisively re-elected in the presidential and National Assembly elections of November 2009 Read more...
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